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When we got our place, the mortgage valuation was c. £400, the mid-level survey was c. £750. In the context of buying a house, £350 seemed like too small a number to worry about. Even if there's nothing about to fall down, it's helpful in identifying where in the regular schedule of maintenance various bits of the house are.
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Ha ha ha ha ha ha ha, My first job out of university was for a housebuilder. It was a real eye opener.
NickCJ
lynx
@magpie
This was my initial thought. But the point is the bank actually has more to lose and won't lend on something that they won't get their money back on. Ie not about to disappear down a mineshaft.
Speaking to a builder the other day his opinion was as it's a new build (and part of a bigger development) it would have been guaranteed for the first 10 years and any problems would be been rectified already.